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DCB Business Loan EMI Calculator India Jan 2021

Business Loan EMI Calculator DCB Bank

Last Updated 07th Jan 2021

Get monthly EMI as low as ₹ 2,311 per lakh on DCB Bank business loan. Business loan EMI in DCB Bank depends upon loan annual turnover, gross receipts, number of years of ITR, loan amount, loan tenure and interest rate.

Loan Amount1 Year Loan2 Year loan5 Year loan
₹ 1 Lakh₹ 8,965₹ 4,787₹ 2,311
₹ 5 Lakh₹ 44,823₹ 23,936₹ 11,557
₹ 10 Lakh₹ 89,646₹ 47,871₹ 23,113
Business Loan EMI Calculator
Lowest Interest Rate
Best Offers on Business Loan offerOffers
Bank/NBFCs Rate* EMI per Lakh* Action
HDFC Bank15.65%₹ 2,816Check Eligibility
Bajaj Finserv18.00%₹ 2,937Check Eligibility
ICICI Bank16.49%₹ 3,540Check Eligibility

* Starting From

Business Loan Calculator DCB Bank

  • Business loan EMI (or equated monthly installment) is a fixed amount of money paid by you to DCB Bank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • DCB Bank offers business loans with loan tenure up to 60 months that translates into a lowest loan EMI of ₹ 2,311 per lakh, which makes it affordable for business loan borrowers. Lowest Rate of interest offered by DCB Bank on business loan is 13.70%.

Use EMI Calculator to Calculate your EMI on Business Loan at Different Tenure

Business loan EMI for ₹ 10 Lakh loan amount at lowest 13.70% interest rate offered by DCB Bank for different tenures

1 year 2 year 5 year
DCB Bank EMI for loan amount of ₹ 10 Lakh at 13.70% ₹ 89,646 ₹ 47,871 ₹ 23,113
Total amount you pay back to the bank including principal and interest ₹ 11,44,200 ₹ 13,09,195 ₹ 19,61,149
Interest you have to pay over loan tenure ₹ 1,44,200 ₹ 3,09,195 ₹ 9,61,149
  • The above table shows the longer your loan tenure, lower is the EMI you pay on the loan. However, your total interest outgo is significantly higher in a long tenure loan. In the above example, if you take ₹ 10 Lakh loan for a period of 5 years, you pay the lowest EMI of ₹ 23,113. However, you pay an interest of ₹ 9,61,149 on a ₹ 10 Lakh loan.
  • In contrast, if you take a ₹ 10 Lakh loan from DCB Bank at the lowest loan rate offered for a period of 1 year, you pay a higher loan EMI of ₹ 89,646 and pay an interest of only ₹ 1,44,200 which is less than half of what you paid in a 5 year loan. Hence, it is advisable to choose your loan tenure wisely as longer tenure means high interest expenses.

Factors affecting DCB Bank Business Loan EMI

  • Interest rate - Interest rate is the rate charged over the principal amount borrowed. Higher interest rate increases your loan EMI which will increase the total cost of the loan. Lowest interest rate offered by DCB Bank is 13.70%. Do complete market research and compare rates online before you apply for a business loan.
  • Loan tenure - This is the period in which you can repay your business loan to the bank. Longer loan tenure means lower loan EMI. Generally, DCB Bank offers business loan for a maximum tenure of 60 months.

Business Loan Amortization Calculator

An amortization schedule is a table of periodic loan payments that shows the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term.

In the Amortization schedule, your Business Loan monthly EMI will be equal, but the component of EMI, which consists of interest payment and principal payment will not remain the same every month, it keeps on changing.

Illustration: How to read an amortization schedule

Suppose if you take a Business Loan of ₹ 5 Lakh for 5 years at an interest rate of 13.50%. EMI calculated for this loan amount is ₹ 11,505 and the total annual EMIs to be paid annually is ₹ 1,38,059. The EMI schedule of loan for 5 years is explained below in the table –

Amortization Schedule for a Business Loan of ₹ 5 Lakh over the 5 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 62,966 ₹ 75,093 ₹ 1,38,059 ₹ 4,24,907
2022 ₹ 52,177 ₹ 85,882 ₹ 1,38,059 ₹ 3,39,025
2023 ₹ 39,838 ₹ 98,221 ₹ 1,38,059 ₹ 2,40,805
2024 ₹ 25,726 ₹ 1,12,333 ₹ 1,38,059 ₹ 1,28,472
2025 ₹ 9,587 ₹ 1,28,472 ₹ 1,38,059 -₹ 0

Each Business Loan EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.

In the above illustration, on a Business Loan of ₹ 5 Lakh, taken at the lowest interest rate of 13.50%, EMI paid is ₹ 11,505 and an annual total of EMIs is ₹ 1,38,059, the interest component is ₹ 62,966 while the principal component is ₹ 75,093 in year 1 of loan disbursement. You repay only 15.02% of the total principal after paying 12 EMIs during the first year.

In year 5, the interest component of EMI is around 6.94%, while the principal component is around 93.06%. Upto 5 years, you have cumulatively repaid 100% of your total Business Loan.

DCB Business Loan Calculator Formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how DCB business loan EMI is calculated:
In above formula,
P = Loan amount. This can range from ₹ 0 to ₹ 0
r = Rate of interest per month. Current rate is 13.70%
n = tenure in month. For DCB, this can be 60 months

Tips to decide the right amount of DCB Bank Business Loan EMI

  • Ascertain the amount you need to borrow: It is important that before approaching DCB Bank for business loan, you need to estimate the amount of loan you need to borrow. Remember business loan is an unsecured short term loan, and hence it is advisable to minimize your loan amount to the extent possible. Also, based on the EMI you can service, try to opt for lowest tenure of loans as long tenure loans result in huge interest outgo.
  • Review your current obligations: Before taking loan from DCB Bank, it is advisable to do an evaluation of your current monthly expenses including any EMI obligations that you have on your current loans. The assessment will help you to estimate the amount of EMI you can pay comfortably after taking into account other obligations. Once you arrive at the EMI you can service, you can also decide on the right loan tenure.

FAQs

What is the calculation of DCB Bank Business Loan EMI?

Business Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to DCB Bank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.

  • Business Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to DCB Bank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With DCB Bank offering business loan with loan tenure up to 60 months, the loan EMI can be as low as ₹ 2,311 per lakh, to make it more affordable and convenient to meet your business needs. Rate of interest offered by DCB Bank are as low as 13.70%. You can check EMI for other tenures using our DCB Bank business loan calculator.
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

How does MyLoanCare business loan calculator calculate EMI?

This calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.

  • This calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Will the DCB Bank business loan EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

Typically, the business loan EMI remains unchanged unless the customer requests for a change and the same is approved by DCB Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).

  • In case the floating rate of interest on your business loan increases, DCB Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by DCB Bank, the bank may increase your EMI amount.
  • For partly disbursed loans availed under tranche EMI scheme, your loan EMI will increase with each disbursement.

Will business loan EMI change in case of prepayment?

DCB Bank allows prepayment at nil charges or penalty in case of floating rate business loans.

  • When you make a prepayment, the outstanding principal amount on your loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure same (that is paying lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.

Why should I calculate DCB Bank loan EMI before taking a loan?

In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and makes EMI easily affordable.

  • If you already know the EMI you have to pay each month, then you can plan your expenses accordingly.
  • Based on the EMI amount, you can opt for making prepayment of your business loan in future when you have surplus amount.

Compare Business Loan EMI of All Banks

DCB Bank Business Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1800-209-5363
Ahmedabad 1800-209-5363
Ambala 1800-209-5363
Anand 1800-209-5363
Aurangabad Bihar 1800-209-5363
Bangalore 1800-209-5363
Bhilai 1800-209-5363
Bhilwara 1800-209-5363
Bhiwadi 1800-209-5363
Bhopal 1800-209-5363
Bhubaneswar Cuttack 1800-209-5363
Bikaner 1800-209-5363
Chandigarh 1800-209-5363
Chennai 1800-209-5363
Cochin 1800-209-5363
Coimbatore 1800-209-5363
Dehradun 1800-209-5363
Delhi 1800-209-5363
Durg 1800-209-5363
Faridabad 1800-209-5363
Gandhinagar 1800-209-5363
Ghaziabad 1800-209-5363
Goa 1800-209-5363
Greater Noida 1800-209-5363
Gurgaon 1800-209-5363
Guwahati 1800-209-5363
Gwalior 1800-209-5363
Hyderabad 1800-209-5363
Indore 1800-209-5363
Jabalpur 1800-209-5363
Jaipur 1800-209-5363
Jalandhar 1800-209-5363
Jodhpur 1800-209-5363
Kanpur 1800-209-5363
Karnal 1800-209-5363
Kolhapur 1800-209-5363
Kolkata 1800-209-5363
Kota 1800-209-5363
Kozhikode 1800-209-5363
Lucknow 1800-209-5363
Ludhiana 1800-209-5363
Madurai 1800-209-5363
Meerut 1800-209-5363
Mehsana 1800-209-5363
Mohali Sas Nagar 1800-209-5363
Mumbai 1800-209-5363
Mussoorie 1800-209-5363
Nagpur 1800-209-5363
Nashik 1800-209-5363
Noida 1800-209-5363
Noida Extn 1800-209-5363
Panipat 1800-209-5363
Patna 1800-209-5363
Pondicherry 1800-209-5363
Pune 1800-209-5363
Raipur 1800-209-5363
Rajkot 1800-209-5363
Ranchi 1800-209-5363
Rohtak 1800-209-5363
Roorkee 1800-209-5363
Salem 1800-209-5363
Shimla 1800-209-5363
Sonipat 1800-209-5363
Surat 1800-209-5363
Trichy 1800-209-5363
Udaipur 1800-209-5363
Vadodara 1800-209-5363
Varanasi 1800-209-5363
Vijaywada 1800-209-5363
Vizag 1800-209-5363

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DCB Business Loan News - Jan 2021
  • 2019-05-08 : DCB Bank expects to double balance sheet in the next four years
    Private sector lender, DCB Bank expects to double the size of its balance sheet in the next three-four years. The banks would be focusing more on growing its SME, agri, retail, commercial vehicles and small-ticket loans in which their current growth is nearly 16%. As of now, their balance sheet stands at Rs. 35,792 crores.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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